Jay Weber Show transcript 6-2-25
This was great news on Friday-and I was off-so i don’t know how much media attention it received-but I’m going to guess ‘not enough’ ...since it’s good news for President Trump and the country-
And today’s left wing propagandist media now tries to hide any good news about trump or the country- now that he and republicans are back in charge.
But- it’s big news that the ‘core inflation rate’ is back down to two percent.
This is the formula – or the gauge of the economy-that insider economists have insisted- the fed chairman and governors watch most closely.
Forget that ‘consumer price index’ formula that we ‘normal people’...use to gauge inflation every month. That formula is misleading- the insiders and experts insist- it’s really this ‘core personal consumption’ gauge that’s more accurate. It’s the basic inflation formula with the cost of food and energy prices taken out.
And okay-fine: this is what the ‘experts’ watch.
Great.
And it was down to 2.1 percent in April...when two percent inflation is considered ‘healthy’. Lower is okay, but zero represents no economic growth...so...we are back down in that ‘healthy’ range of inflation.
Does this mean that Jerome Powell will finally agree to a rate cut that he-would have been okayed already? -if kamala had won?
That’s the question now.
Folks- the last time Powell and the fed cut interest rates was mid-September, wasn’t it?
And that’s when inflation was still closer to three percent and when most of us thought it was too early.
Why’d they, do it?
Clearly-to try to help kamala win the election.
That was a naked political move by Jerome Powell and other political hacks on this board.
If two percent inflation was ‘healthy’ and that’s what we were waiting around for- why cut interest rates out of the blue when we were still near three percent?
The move was political.
And now-in the age of Trump- inflation is back down to where it should be- and Powell and the fed have refused to cut rates even a little – to give American ‘borrowers’ a break.
This April report on Friday shows prices on food and ‘goods’ finally, in ‘real dollar terms’, dropping a bit.
These are all signs of a healthier economy, my friends.
I know that the so-called ‘experts’ are worried that trump’s tariffs are going to touch off inflation, again...but they haven’t so far...and he’s backing off on most of the insane threats...which has investors more ‘in tune’ with what the president is doing.
Folks, we’ve got prices finally falling a bit after four years if runaway Biden inflation.The increase in the costs of services is what accounts for the overall number showing -any amount of inflation in April.
But..oops. Oops..we really got to wait for the May numbers. Trump’s destroying the economy...and the people who actually ‘run’ the economy don’t realize it yet.
That’s what they want us to believe.
Your investors and business owners and job creators might be seeing prices going down and wages going up under trump...but. You’re too stupid to get it. You think those are positive signs. No, no. We ‘smart people’ -who told you the Biden economy was great- we are now certain Trump, and his team are destroying the economy...even though there are no signs of it.
Sy. We’ll look for signs in the next batch of numbers.
That’s what they are doing here.
But the economy is improving-even before- republicans pass this big, hugely positive, reconciliation bill.
Reagan and Trump era ‘economic guru’ Larry Kudlow says Trump is taking on both the activist judges and the entrenched bureaucracy-and he’s still winning.
And- sooner or later-even Jerome Powell is going to look like a hyper-partisan idiot if he doesn’t follow the ‘best practices’ of the fed- and start cutting interest rates.
The democrats have no ideas. No positive agenda. Only lies and gaslighting.
Which has me ‘shifting topics here’ ...to their so-called ‘abundance agenda’.
Some of you may have heard about this. It’s been the buzz for weeks on the left, but I was waiting to see if it would peter out.
It hasn’t.
And it hasn’t-because today’s democrat party is literally ‘so lost’ and so devoid of ideas- that even a book by a few left-wing columnists is enough to get them excited.
The so-called abundance agenda-is basically this: democrats have put so many regulations and laws and high taxes on the American people that we cannot ‘build things’ or ‘produce things’ here in America, anymore. At least not in the blue states.
Moreover, their thicket of regulations and govt interference means we can’t even build roads and bridges and important public works projects, anymore.
And so- the abundance agenda is the idea that democrats. Democrats. Should lead the charge to deregulate...and prove ‘big government’ can work.
That’s the ‘abundance agenda in a nutshell. It comes out of a book written by Ezra Klein and Derek Thompson...that has been a huge hit...because it’s filling this void for democrats who see the folly of the bullying, socialist path that the current batch of party leaders has us on.
The problem is-
Implementing this so-called abundance agenda-starts with democrat leaders shouldering the blame for putting the country in this high-tax, hyper-regulated fix we are in.
Well-
I’ve never seen a single democrat take responsibility for the messes they’ve made-and I don’t see it happening here.
This is a party controlled by socialists and dominated by grassroots voters who are also, largely, America-haters and socialists.
Do you really think that the party elders and thought leaders are going to basically abandon socialism and campaign on less regulation and more free-market dynamism?
Not a chance.
Not even to trick voters into voting democrat, again.
Folks-today’s left is ‘so far gone’ that I cannot imagine them even ‘pretending’ to be in favor of less regulation and smarter government’...as a way to trick voters into giving them power, again.
And that’s all it would be a trick.
This isn’t really an ‘abundance’ agenda. It’s a claim that ‘big government’ can be ‘effective government’...and we know they can’t be.
The twentieth century is littered with big government socialist and communist countries.... whose economies and social services did not work at any level.
Big, bloated, socialistic government that intrudes on every part of a person’s life- cannot be- and is not- good government’.
And it sure as hell doesn’t lead to an ‘abundance’ of govt run goods, services, and housing.
Check out Cuba and Venezuela, currently, and all of eastern Europe and the soviet union in the last part of the 20th century.
photo credit: Getty Images
audio version of the segment here > Some great signs on the economy